QS 8-4 Petty cash accounting LO P2 1. The petty cash fund of the Brooks Agency is established at $290. At the end of the current period, the fund contained $199 and had the following receipts: entertainment, $51; postage, $30; and printing, $10. Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period View transaction list Journal entry worksheet 1 Record the establishment of the petty cash fund. Note: Enter debits before credits Transaction General Journal Debit Credit 1a Record entry Clear entry View general journal QS 8-4 Petty cash accounting LO P2 1. The petty cash fund of the Brooks Agency is established at $290. At the end of the current period, the fund contained $199 and had the following receipts: entertainment, $51; postage, $30; and printing, $10 Prepare journal entries to record (a) establishment of the fund and (b) reimbursement of the fund at the end of the current period View transaction list Journal entry worksheet ( 1 Record the reimbursement of the fund at the end of the current period. Note: Enter debits before credits Transaction General Journal Debit Credit 1b Record entry Clear entry View general journal 2. Identify the two events from the following that cause a Petty Cash account to be credited in a journal entry. (Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) Fund amount is being reduced. Fund amount is being increased. Fund is being eliminated. Fund is being established